Aramco and an international investor consortium, including EIG and Mubadala, announced the successful closing of the share sale and purchase agreement, in which the consortium has acquired a 49% stake in Aramco Oil Pipelines Company, a subsidiary of Aramco, for $12.4 billion.
Polykemi Group is continuing its international growth journey. While also investing in the USA, Polykemi AB is opening another production unit in China. The production is due to start up as early as in 2022.
Congratulations to our Polish colleagues. The new production facility in the Wroclaw area in Poland is now fully operating. While hubergroup has been operating a mixing station in Poland since 1992, the Polish branch was now expanded to a production site thanks to its good development.
Polykemi Group is investing almost 10 million Euro in its own plant in the United States. That is the greatest single investment in the Group’s history. The goal is to launch production of plastic compounds as early as 2022.
Alpla UK, a subsidiary of the Alpla Group, a leading plastic packaging company, will henceforth be cooperating with the British waste management company Biffa. With this collaboration, Alpla will increase the proportion of British recyclate used in the United Kingdom to manufacture packaging for home care products.
Expansion and globalisation of recycling activities to be expedited between now and 2025
Sanner, manufacturer of pharmaceutical primary packaging and medical technology products, is investing in the expansion of its in-house tool and mold making.
The global manufacturer of plastic packaging and recycling specialist, the Alpla Group, is investing more than five million euros in an extrusion system for food-grade recycled PET (rPET) made of used PET bottles (so-called post-consumer material) at its site in Anagni.
IDS Borjomi is pursuing its noble objective with much success: since 2002 the domestic market for bottled water has more than doubled and with annual growth rates of around 7% there’s no end to the boom in sight. IDS Borjomi has made a considerable contribution here.
Within the frame of a new investment project, R&P Polyplastic – a Russian plastics producer – and KraussMaffei have recently concluded a contract for the delivery of two ZE 80 x 42D BluePower twin-screw extruders to extend the company's production capacity.
The rubber bitumen plant at MOL’s Zala Site, representing an investment of around USD 10 million has been completed.
Rinco Ultrasonics, a leading global manufacturer of ultrasonic welding equipment, has announced a significant expansion of its tooling capabilities for ultrasonic welding at its U.S. manufacturing headquarters here.